PARIS, June 26, 2025—The World Bank Group and the International Atomic Energy Agency (IAEA) sealed an agreement today to work together to support the safe, secure and responsible use of nuclear energy in developing countries. The partnership agreement, signed by World Bank Group President Ajay Banga and IAEA Director General Rafael Mariano Grossi, formalizes multiple engagements between the two institutions over the last year, and marks the World Bank Group’s first concrete step to reengage with nuclear power in decades.
Continue readingTag Archives: Energy
Power More With Less: Scaling Up Energy Efficiency for Growth and Energy Security
Energy efficiency is a transformative, low-cost solution that can fast-track access to affordable and secure energy and boost economic growth. Amid soaring power demand, driven in part by air conditioners, heavy industry, and, increasingly, data centers needed to power artificial intelligence, energy efficiency can help countries avoid overspending on new energy infrastructure, importing fuels, and taking on more debt for their energy sectors.
Continue readingGlobal Carbon Pricing Mobilizes Over $100 Billion for Public Budgets
Over one quarter of global greenhouse gas emissions are covered by carbon pricing
WASHINGTON, June 10, 2025—Carbon pricing revenues exceeded $100 billion in 2024, according to a new World Bank report released today. Over half of this revenue generated for public budgets was earmarked for environment, infrastructure, and development projects, representing a slight increase from previous years.
Continue readingImproving Healthcare Access Through Renewable Energy
On Monday December 23, a sense of normalcy prevailed at Hospital Justinien; the most important hospital in Haiti’s Northern region. This, despite persistent and surprising rain which affected the region for more than a week. Nestled in the heart Haiti’s historic city of Cap-Haitien, the Justinien University Hospital (JUH) is the largest public hospital in northern Haiti and the second-largest teaching hospital in the country. Thanks to a variety of available services, the hospital serves a population of over 1 million from Cap-Haitien and surrounding areas.
Continue readingMission 300: Unlocking capital for off-grid solutions in Africa
When African Heads of State, government representatives, private sector leaders, development partners, and civil society participants gathered in Tanzania for the Mission 300 Africa Energy Summit, they did so against the backdrop of a continent that has seen off-grid solar solutions revolutionize energy access—with remarkable progress made and significant potential yet to be tapped.
Continue readingUnleashing opportunities for women in Africa with access to energy
The extraordinary lack of energy in Africa–affecting about 300 million women-has profound effects on women’s economic opportunities. Women are already disproportionately affected by energy poverty, especially in rural areas. On average, women and girls spend 50 hours a week just fetching firewood, cooking, and collecting water. That’s 50 hours spent on subsistence, not on growing a business, pursuing education, or improving their health. In fact, 900 million African women and girls who lack access to clean cooking technology suffer from smoke inhalation-related diseases. That’s a huge barrier to their health, education, and economic potential.
Continue readingHow to close Africa’s energy access gap
What will it take to bring electricity to 300 million people in Africa who currently live without it? This is the goal we’ve set for Mission 300—to halve the number of people on the continent without reliable electricity by 2030. But setting a goal is just the spark. We need a full-blown power surge of bold reforms, investments, and an enabling environment for sustainable, scalable, and affordable energy solutions.
Continue readingHeads of State Commit to Concrete Plans to Transform Africa’s Energy Sector, with Strong Backing from Global Partners
DAR ES SALAAM, January 28, 2025 — Thirty African Heads of State and governments today committed to concrete reforms and actions to expand access to reliable, affordable, and sustainable electricity to power economic growth, improve quality of life, and drive job creation across the continent.
Continue readingCameroon’s journey toward affordable, reliable, and universal electricity access for all
STORY HIGHLIGHTS
- In rural Cameroon, 75% of the population remains without electricity, even though many live near the grid.
- The Nachtigal Hydropower Plant financed by the World Bank Group together with partners, will increase Cameroon’s power generation capacity by 30%.
- In addition to hydropower, Cameroon is developing several solar photovoltaic plants with a total installed capacity of 250 MW to transition to a greener electricity generation mix.
Five Ways the World Bank Group Will Achieve “Mission 300”
STORY HIGHLIGHTS
- Roughly 600 million people in Sub-Saharan Africa lack access to electricity.
- The World Bank Group, together with the African Development Bank, has committed to providing access to electricity to 300 million people in Sub-Saharan Africa by 2030.
- Known as “Mission 300,” this ambitious plan is attracting widespread support.
Netherlands for the World Bank 
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